Insider Buying: Medallia (NASDAQ:MDLA) Director Acquires $11,227,331.80 in Stock

Medallia (NASDAQ:MDLA) Director Douglas M. Leone acquired 399,265 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $28.12 per share, with a total value of $11,227,331.80.

Shares of NASDAQ:MDLA opened at $31.25 on Thursday. The company’s fifty day moving average is $36.22. Medallia has a one year low of $26.18 and a one year high of $44.72.

Medallia (NASDAQ:MDLA) last announced its earnings results on Thursday, September 5th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $95.70 million for the quarter, compared to analyst estimates of $91.32 million. The company’s revenue was up 26.9% on a year-over-year basis.

Several equities analysts recently weighed in on MDLA shares. CIBC started coverage on Medallia in a research note on Tuesday, August 13th. They issued an “outperform” rating and a $55.00 price objective for the company. Credit Suisse Group started coverage on Medallia in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $40.00 price objective for the company. Wells Fargo & Co started coverage on Medallia in a research note on Tuesday, August 13th. They issued an “outperform” rating and a $45.00 price objective for the company. UBS Group started coverage on Medallia in a research note on Tuesday, August 13th. They issued an “outperform” rating and a $55.00 price objective for the company. Finally, Needham & Company LLC started coverage on Medallia in a research note on Tuesday, August 13th. They issued a “buy” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.62.

Medallia Company Profile

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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